Meta Now at $474; I Missed It at $90: My Analysis Was Way Off. Here’s What I’ve Learned.
If you had thrown $10,000 into Meta in November 2022, by February 2024, you’d be sitting on a huge $50,000.
Yep, the price of Meta hit a record-breaking $474, up from $90 back in 2022.
Honestly, I totally missed that chance. My analysis? Way off.
But it’s okay. I learned some things.
First, let me tell you why I didn’t buy Meta back then.
Here is my Meta memo:
Meta is a really good company, and I know it.
But I didn’t invest in Meta because Mark Zuckerberg often buys companies that are already doing well, like Instagram, or he does the same things other companies are doing but makes them better by adding some extra cheese and bacon, as he did with Snapchat.
And how about his original idea, the Metaverse? I’m also not too sure about it because it requires a lot of money to make it real.
Now, Zuckerberg is spending a ton of money on the Metaverse, but we don’t know if it will actually be successful.
